COUNCIL TO MAKE DECISION ON SALE OF LAND AT NOTTINGHAM ROAD

PRESS RELEASE

1 July 2009

The Council will decide on 6 July whether or not to dispose of land at Nottingham Road.

The bids are being considered by the Policy, Finance and Administration Committee in private sessions due to the commercial sensitivity.

Specialist external planning, design, valuation and legal advisors will be on hand to advise members as they consider this major decision.

Councillor Malise Graham said…

"This is a huge opportunity for the Council to consider carefully the leading bids before making a decision on the future of the Nottingham Road site."

If Councillors make a decision to sell the land subject to planning permission, a substantial amount of money could be forthcoming that will enable the Council to take forward projects such as the Waterfield Leisure Pools Refurbishment ,Cattle Market Development and Town Centre Regeneration.

The lead bidders consider that their schemes will complement the town centre, discourage people visiting other places to shop, provide approx  350 jobs and provide significant capital investment during this  period of economic downturn.

~ends~

For more information please contact:

Christine Marshall

Corporate Director

Melton Borough Council

Telephone: 01664 502 532

Email: cmarshall@melton.gov.uk